FIBRA Prologis, a leading owner and operator of Class-A industrial real estate in Mexico, today announced the acquisition of 95,852 square feet of infill, logistics space in Mexico City for a total investment of Ps$237 million, including closing costs, capital improvements and equity carry. The property is in Vallejo, Northern Mexico City, surrounded by good in–place infrastructure, public transportation, and specialized labor force.
“We believe Vallejo is an efficient and well–located submarket for accommodating institutional customers willing to maintain operations within a close range of the city’s top consumption centers,” said Luis Gutierrez, CEO, Prologis Mexico. “In line with our urban, Last Touch® strategy, this property will provide us the ability to address an unfulfilled demand for location–driven new customers interested in e-commerce operations.”
ABOUT FIBRA PROLOGIS
FIBRA Prologis is the leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 million square meters) of gross leasable area.